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's at the top of the hour, you do not want to miss it. now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over
's our fault. is a carbon tax coming? yeah, art laffer on that, too, apple may be below 500 bucks a share, we'll tell you. we've got it all. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. >> we're coming right up on the opening bell. this monday morning, we're expecting stocks to go down just a little in the opening. a very small amount, and the well has stopped ringing and that means we're open for business. what's the opening t
is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
their fair share of taxes. he's just another elitist hypocrite when it comes to a fair share of security. protection for their children and gun-free zones for our kids. host: that the latest ad by the nra, put out yesterday, getting a lot of feedback about the ad invoking the president's children. the "washington times" has this headline this morning about president obama's event this morning. that is our question for all of you. if president obama acts on his own with executive action, do you support that idea? we're getting your take on that this morning. we will go to sandra in sulphur springs, texas, a republican. caller: how are you? i just have a question to ask the rest of the people listening. what about the fort hood shootings? has anybody thought about how many guns were there? the man walked in, he was a psychologist, he walked in and killed our soldiers at fort hood. . what is the gun ban going to do on that? what does obama think about that? host: what do you think about the president taking some actions on his own? caller: i don't think anybody ought to take our guns away.
, a way they can pay taxes and drive cars and live as human beings. if you want to talk from there to a path to citizenship, i think we can build a consensus around that by the steps would be required. it would be terrible to say we are going to have made them legal and they would never have an opportunity for citizenship. i think that would say something we would not like. the ambassador and i could probably debate the strategy on how to get from here to there but there is no question what is needed immediately is legalization and a path to get to where we would like to be. >> then you talk about the difference between now and 2007? are you more hopeful this time? >> i believe, there have been more people coming out in favor. there are people who have moderated their stance on this from six years ago and i think part of that is an understanding that no action is very bad for the country. i would also like to say, because i believe you have an asian background, the question about the future flow is excellent. this is not just about hispanic immigration, or undocumented immigr
are protected by armed guards at their schools? mr. obama demands the wealthy pay theheir faishare of taxes but he is just another elitist hypocrite when it comes to a fair share of secucurity. protection for their kids and gun-free zones for hours. ours. >> jay carney said that the nra ad was r repugnant and cowardly. the nra says that the ad was not in anyone's children in particular. anyone the claims otherwise they say is intention to try to kid ththe topic and is missing the int. incidentally, once the president talked about gun violce, sales went through the roof. can ththe president moving now to this time around? >> there is more desire for control than ever bui do not think congress will budge on the big stuff. it is not going to get done. what the nra did was odiou i think the president is on the high ground, but i do not think he will get done real gun- control. >> these 23 executive action re fairly trivial, there was nothing major about it. i think it will not have any effect, it was the appearance of motion. the three big items on the table for congress, the assault weapons ba
of the bush tax cuts for the wealthy, and you did. as you say now that you're not going to negotiates on the debt ceiling this year, why should house republicans take that seriously and say if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, let's take the example of this year and the fiscal cliff. i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was fair and it protected the middle class, and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 20112 is the fact that we have already made $1.2 trillion in cuts, and at the time i
are protected by armed guards at their schools. mr. obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of g
are paycheck tax hike. lauren simonetti joins us with more on this. most americans buy tomorrow will have experienced this hit in their paycheck. >> already 134 million americans are feeling the 2 percentage point increase in the social security tax. that's expect to do drum up 125 billion in revenue for the government this year. but it's likely already eating away at your disposable income trips to the movies and restaurants brands you are buying at the food store. the increase means american families have this much less to spend this year $354 for those living at the level. the average income being 64,000. 2400 for those making $1,134,000. >> we were not aware that was going to happen. >> something people can't avoid buying gas. gas prices have increased. >> backup. on october 5th gasoline average 3.46. it fell $0.58 that stopped the average price $3.32. that's an crease of $0.07 in two weeks. they are starting to pass on the higher cost of crude oil. prices will go up until the next few weeks until they possibly go back down. the weather gets nicer people start driving more. >> then th
they spend, they send to washington every year in taxes, here's what they get back, new jersey. 61 cents. connecticut, 69 cents. new york, 79 cents. in kansas, they might say look, you guys are loading off us every year. you get $1.12 for every dollar you send in. don't they deserve their money back? isn't this a chance to give it to them? >> i don't know what those numbers are but everybody is getting back more than they send in because 40 cents out of every dollar that's spent in washington, d.c., whether it's relief aid or for any other purpose, is borrowed. what we're trying to do here is make certain if we're going to spend $50 billion or $40 billion or $10 billion, it should be done in a fiscally responsible manner, especially if 80% of the aid is not going to be spent until 2015, why do they have to rush it through. there is going to be pork items in this bill, no question. smithsonian, numerous other places have nothing to do with disaster relief. that's what happens around here far too often. that's what i'm concerned about is when we're borrowing 40 cents out of every dollar, w
they look at it this way, for every dollar they send to washington every year in taxes, here's what they get back, 61 cents, new jersey. new york 79 cents. in kansas mayim bialik say you are loading off of us every year. you get 1.12 for every dollar you send in. don't they deserve their money back. >> i don't know what those numbers are. we have an america that everyone is getting more than they send in. 40 cents of every dollar back in washington, d.c. for relief aid or any other purposes is borrowed. what we are trying to do if you are going to spend 50, 40 billion or $10 it should be done in a fiscally responsible manner, especially if 80% of the aid is not going to be spent until 2015 why rush it through? there's going to be pork items, smithsonian and other places have nothing to do with disaster relief and that what happens around here too often. when we borrow 40 cents out of every dollar make sure it gets to those who need it and there are millions of americans in need. >> the congressman when he mentioned the drought affects you in kansas. there's a drought according to the agricul
revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part. that's what i w
trillion debt because we tax too little. it's because we spend too much. >> shannon: that's the debate we heard during the fiscal cliff negotiations and we are going to hear in the weeks and months, as you have outlined. all during the fiscal cliff, all the polling showed that the general public thought this was the fault of the house republicans, primarily the house side and republicans in congress as a whole. have you headed up the republican national committee, you know what it is like to sell a message to the american people. why are the republicans not doing well? they are saying, we are trying to put on the brakes and we are selling out our grandkids. but the public, when polled, blames republicans for this? >> one of the things you learn in politics, sometimes the other side gets the bumper sticker and you get the essay. the democratic-controlled senate has not papassed a budget in 3 years. the house republican vtion passed budgets when they have controlled-- the american people are never told that. why? republicans don't talk about it enough -- >> shannon: why not? >> well, becaus
tax reform. but what he's not willing to negotiate and he should not noer negotiate is over whether the congress pays for the bills. the congress is saying if we don't make the changes the way they want to, they're threatening to tank the united states economy. again, the debt ceiling, it is really important that people understand, this is not about expanding your capacity to start new government programs. this is paying for bill that is are already due and owing so not paying it would be like, tamron, you and i buying stuff on the credit card and then deciding after we bought that stuff we are not going to pay for it. if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republ
the commerce clause. >> right. >> what he said was it was a tax. >> must have been a mix-up in the prenotes of the preinterview. but let's see a shot in freeze frame. this is the face of a truly confused man. the elevator doesn't go all the way to the top here, folks. if only sean hannity would listen to his boss, he might not be so confused. "the constitutional right about guns is for self-defense and hunting. founders did not mean modern weapons of war." lining up the crazy is not a difficult task for the right wing these days. but this rhetoric and hysteria i think is very dangerous. there is no basis to call the president of the united states a tyrant or a dictator, and no president ever deserves to be compared to stalin or hitler. but of course it continues. it happened earlier this week. someone needs to be an adult in the room to tell them to cool it. you know? this is america. but abusing the first amendment really is not good. there is a responsibility when you're in front of a camera and you have a microphone. and if this is the way they want to use it, what do you think is going
. and this is not just the party of the wealthy, he said, and of lower taxes. it has to be, you know, many republicans don't make as much money and pay a much higher percentage of their income in taxes, and they need the party's help, too. i thought he made so many. that was such a potent -- what was it, 30 minutes? >> it really was, but mika, let's talk about the people that want to buy bushmasters. yes, gun sales are moving at a rapid pace. a lot of people are buying two or three. >> they were buying as many as they can get. >> just to keep up with their survivalist neighbors. >> right. >> you can't have enough of those clips, right? >> apparently not. >> maybe they string them around their christmas trees. i don't know what they do with them. but steve rattner, this is the problem the republican party has made. this is the mistake the republican party's made. they listen to the loudest voices. a small, small percentage of americans. and americans, by the way, who don't swing presidential elections. i have been saying it ad nauseam for four years and making extremist conservatives very upset. you do
for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it
. boehner first broke his rule on new year's day when he allowed a vote to avert the fiscal cliff on taxes. apparently there's an addendum to the boehner rule. the majority of the majority, unless the country is on the verge of a tax crisis, or chris christie has access the to a megaphone. christie made sure this week that republicans knew he would use it. >> and i'll say again, new jersey does not expect anything more than what was done for louisiana and alabama and mississippi and if they want to make new rules about disasters, they picked the wrong state to make the new rules with. >> and yesterday, new york congressman peter king, who berated boehner when he failed to bring the bill up at the end of the last congress, ignored the divisions within his party, saying time for recriminations is over. >> i'm proud to stand here today with all of us united. now, maybe your divisions to vote, but all of us are committed to getting this done. i want to thank the chairman of the rules committee, mr. sessions, for the great job they've done in bringing it here, with a fair rule, and allowing for
% of gdp, that we've got to fight to cut taxes, that we've got to fight to cut corporate tax rates, we've got to inform entitlements, we've got to do these things i think conservatives are best suited to do, instead of being engaged on fights on the periphery. we've got to narrow our focus and get back to first principles, and if we don't do that, the republican party's going to be in the minority for a very long time. >> joe scarborough from "morning joe," i like "afternoon joe" too. thank you very much. >> i like your time slot a lot better than ours, actually. 1:00's okay. >> try it some time, sleep in a bit. >> i'd like to. >>> coming up next, the gun lobby reacts to the president's proposals and that nra ad. >>> plus, biden, bloomberg, and gabby giffords. there's a trio inside "time's" special edition on gun control. this is "andrea mitchell reports" only on msnbc. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! maybe you want to incorporate a business. or prote
to describe it as on the president and the administration. they couldn't win that battle regarding taxes. with this one, they have leverage. >> they thought it was their leverage but still when you go in to this debate, tamron, they control only one part of the government. it's a house of representatives. democrats control the senate. they control the white house. so while house republicans do have some leverage, we also learned something from the fiscal cliff negotiations that john boner's willing to bring legislation to the floor that doesn't have this majority of support from the party and pretty big, as well. >> all right. mark, thank you very much. greatly appreciate it. talk to you tomorrow on these things. >>> former president george h.w. bush has now been released from the hospital in houston today and headed home. mr. bush was admitted to the hospital around thanksgiving, suffering from a severe case of bronchitis. in the stay, developed a fever. doctors say he'll continue physical therapy at home. mr. bush is 88 years old. >>> my starting point is not to worry about the politic
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their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that's a real ad. that, my friends, is political pornography. >> that's one of the grossest things i've ever seen in my life. >> i don't know what to say. joe? >> what's wrong with these people, mika? what's wrong with these people? you have children that had no say in the decision on whether their father was going to step forward to be president of the united states, to run for president, one of the most bone-crushing sacrificing things any husband or wife can do to their family. and the second they make that decision, their children and their entire family have targets on their backs. and the nra is putting something out like -- what's wrong with these people, putting out apps that 4-year-olds can play on the anniversary of the newtown murders, and now putting out an ad talking about the president's daughters? >> they are out of step, out of the mainstream, totally out of sync with what's going on in our society. and quite f
demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun free zones for ours. >> it's a tough ad. dan lothian is at the white house. but i understand the president is fighting back with his own pr strategy because when he makes his big announcement he'll be surrounded by children who wrote letters to him begging for gun control. >> reporter: that's right. you know, we see the white house do this in the past, usually it's around a fiscal fight where the president's putting pressure on congress he'll be surrounded by families from across the country. well, in fact, the president, as you pointed out, will be surrounded by these young kids who wrote letters to the president in the wake of the connecticut shootings. in addition to that, though, a white house official confirming that the president will also be joined with some newtown families, families impacted by the newtown shootings at this event here today. so, clearly this is an effort by the white house to put pressure on lawma
laundering and filing false tax returns. one section here i wanted to read especially for the viewers. it says that ray nagin knowingly devised and intended to devise a scheme to defraud the city of new orleans and its citizens through a bribery kickbacks scheme where his public office would be used to benefit his personal business and to provide him with payment in the form of checks, granted inventory for his business, wire transfers, personal services, and free travel. accusations of uses of limousines and flights and a trip paid to jamaica for his entire family. so as it relates to the tax returns, this, of course, goes specifically after ray nagin, but could also involve the rest of the family because some of the personal financial details will be involved. now, this is involving two business men who, in exchange for paying the former mayor and his company, in turn, this indictment alleges, got millions of dollars in contracts from the city of new orleans for rebuilding after katrina. at a time when ray nagin was tasked with rebuilding his city, in 2006, said he wanted to make su
with congress over fiscal issues, taxes and spending and debt. >> you're looking at the door slightly ajarred to the green room, right next to the east room, and the president has been gathering there, we noticed that he postponed this press conference a couple of times this morning. a few delays. >> supposed to be around 11:15. we're almost half-hour after that. not quite. the president could face questions about personnel in the second term. he's facing a big fight with his nominee over chuck hagel. lot of republicans senators with questions, he also have a big vacancy right now, diane, that's his white house chief of staff. now that he's appointed jack lew to be secretary of treasury. >> first term ending. you wonder if there will be an element of reflection? whatever the honeymoon is usually you get if you're a new president. this is unhoneymoon that he's been facing. now, here's the president. >>> good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years. and i expect the same for the next fou
. how to stop talking about legitimate rape and insulting women, science 101, creating tax breaks and tax shelters for millionaire campaign donors and, after that ppp poll showing how unpopular congress really is, there's how to increase our approval ratings. what root canals, traffic jams, cockroaches, and head lice are doing to us. and republicans are presumably doing wrong i guess. >>> up next, the house of representatives will be voting tonight on a big aid package for the victims of hurricane sandy. but will republicans go along with it? especially from the south. you're watching "hardball," the place for politics. ♪ this is amazing, how did you find us? i thought we might be related, so i had a fiber analysis done and sure enough, we're family. but you're not even shredded. you're...crunchy?! that happens sometimes. and you help keep people full with whole grain fiber? just like you guys. [ female announcer ] they're different, but the same. new frosted mini-wheats crunch. a tasty square packed with a crunch... [ crunch! ] ...of whole grain fiber that helps keep you full.
to 6 inches. we'll get your local weather after this message. when you file your taxes. i read the whole 900 pages. it literally took me weeks. i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. >> announcer: "today in the bay" weather is sponsored by bank of the west. >> 7:19 on wednesday morning. good morning. i'm christina loren. it's another cold start to the day. temperatures in the 20s and 30st. 28 in concord. 28 degrees in santa rosa to start. we are headed to the 60s. upper 50s bay side and at the coast today. we'll see temperatures climb as we progress through the end of the week. up to 68 degrees by the weekend. santa cruz getting warmer than that. mid 70s possible sunday. >>> and that's your latest forecast, guys. >> dylan, thank you very much. >>> crash course on what you should try to avoid touching as we enter the peak of this nasty flu season. >>> ryan seacrest up early, live in our studio. first, this is "today" on nbc. >>> coming up, one of the world's
liabilities taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004, and then said he had a man date and decided he had a man date to privatize social security which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government gorg and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtowns changed everything. >> i don't think he's looking for a fight. i think he's found one. >> i agree with you. i think since the election this has been the best perio
comprehensive tax reform, the elimination of an entire class of nuclear -eapons.-- refer to it as iran contra. but also comprehensive tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the inf treaty. host: a speech in june of 1987 in berlin. [video clip] >> we welcome change and openness. we believe that freedom and security go together. the advance of human liberty, the advance of human liberty can only strengthen the cause of world peace. there is one sign that the soviets can make that would beunmistakable, that would advance dramatically the cause of freedom and peace. general secretary gorbachev, if you seek peace, if you seek prosperity for the soviet union and eastern eu
pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> yes, an elitist hypocrite who is the president. anyway his plan today will include calls for congressional action on an assault weapons ban, a limitation on the sale of high-capacity magazines, also taking a look at stronger, federal background checks for anyone who wants to buy a firearm. at the moment, senate democratic leadership seems split on whether or not we're going to get any action through congress. majority leader harry reid is skeptical we can get anything past republicans in the house but at the same time, minority whip steny hoyer is more optimistic. he's hopeful that perhaps his colleagues in the house will be more flexible after what happened at sandy hook elementary. we're back with more show after the break. show, to be able to come away armed with the facts, and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for somethi
is a border state with taxes. too often, cities have borders with the rio, texas that we also have my city on the southeast part of the state and it's a strategic location. my city the city of 670,000 people. it's a big city. the metropolitan area sharing the space which has two cities, our neighbors in another city, which is my city. there is no doubt that the main concern of the people in the border areas on the mexican side is the demand for safety and the demand for security. this demand is being heard louder and louder than the demands for employment and secret services, which is what we mayors do. when i was listening of course for job creation, economic development. but i mexico, it's becoming also one of the major necessities, which was than in the past, but is now. the fact that a strategic security knowledge and something, which in the past, we never had to do it, which we security issues, which would strategy, which was this alliance that needs to be built at the federal government, drug enforcement agencies, now becomes a necessity. i think that there are models that can work a
it the curb. and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the bond holders, but not
tax'd dropping from 50% to 45%. it would defer bonuses from 2009 through 2011. >>> apple is slashing component orders for the iphone 5. that's according to "the wall street journal." weaker demand and increasing competition from samsung are blamed. the iphone 5 was released in september. >>> i am still a republican. colin powell declaring his support for his political party but not before warning that some ideas held by his fellow republicans could be hurting the party's future. >> there's also a dark vein of intolerance in some parts of the party. what do i mean by that? what i mean by that is they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jiving. that's a racial era slave term. >> powell is most likely talking about former alaska governor sarah palin who blasted president obama for his handling of the benghazi consulate attack on facebook writing in part, "why the lies? why the cover up? why the dissembling about the cause of the murder of our ambassador? on the anniversary of the worst terror
monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: new information now on the number of flu cases across the country. the centers for disease control and prevention releasing new stats showing a number of states that seeing widespread flu just went up. jonathan serrie live in atlanta. so what do the numbers tell us, jonathan? >> reporter: well, jon, the latest numbers suggest this is shaping up to be a bad flu season particularly for the elderly. cdc officials tell fox news hospitalization rates for persons 65 years of age and older increased significantly over the past week, and there were nine pediatric deaths during that same time period, bringing total pediatric deaths, at least the official cdc count to 29. 48 states are now reporting widespread flu activity, up from 47 the previous week. while flu activity continues to decrease in some parts of the south, it continues to increase in other parts of the country, especially out west. based on what
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